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Kyndryl aims to grow consulting business to 15% of top line by 2025

Kyndryl Consult was established as a separate unit in November last year which combines Kyndryl's consulting expertise with its technology integration solutions

IBM throws weight behind Japanese chip startup it sees as crucial

Rapidus, a venture backed by some of Japan's biggest electronics firms, is turning IBM's 2-nanometer chip design into production-ready silicon and aims to fabricate such chips

IBM to buy software firm Apptio for $4.6 bn to bolster cloud offering

IBM said it will finance the transaction with cash on hand and expects the deal to close in the latter half of 2023

NPCI to Meesho: Indian firms in Time's 100 most influential companies 2023

Global companies that found mention in the list were Nvidia, SpaceX, OpenAI, Crocs, Taco Bell, BYD, LVMH, and Lockheed Martin

Equitas SFB collaborates with IBM to build digital banking platform

Equitas Small Finance Bank has signed an agreement with IBM Consulting to design and build a digital banking platform aimed at providing a secure experience to customers, the bank said on Saturday. The collaboration between the two entities aims at boosting the digital products offered by Equitas as well as its service offerings, as it evolves its business for a digital-first generation, a press release from the bank said. As part of the next growth phase, Equitas aims to commence its modernisation journey with a cloud-native platform architecture. "The bank's delivery model would be highly product-centric, moving away from traditional program management methodologies to agile frameworks for the various channels including mobile," Equitas's Chief Information Officer Narayanan Easwaran said in the release. "This partnership with IBM is just the first step towards engaging customers. We are confident that this strategic partnership will help simplify and transform the banking experien

IBM expanding in tier-2, tier-3 locations in the country: IBM India MD

Amidst global economic uncertainty, tech giant IBM isn't seeing any sign of a slowdown in India, said Sandip Patel, managing director, IBM India

IBM confirms acquisition of Polar Security reportedly for $60 million

Software giant IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about $60 million

IBM employee on sick leave for 15 years sues company for no pay rise

Heeding his complaint, IBM offered him a 'compromise agreement' where he was put onto the company's disability plan so he wouldn't be dismissed

New AI model by IBM-NASA designed to help track Earth's climate change

"The model could speed up geospatial analysis by three to four times, and can help reduce the amount of data cleaning and labelling required in training a traditional deep-learning model"

Top 5 headlines: Windfall tax slashed on petroleum crude, IBM pauses hiring

Business Standard brings you top news at this hour

IBM to pause hiring for jobs that AI could do, says CEO Arvind Krishna

Hiring in back-office functions - such as human resources - will be suspended or slowed, Krishna said in an interview

ArcelorMittal Nippon Steel selects IBM for cloud-powered transformation

ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel, has selected IT major IBM to drive cloud-powered transformation, a statement said on Tuesday. ArcelorMittal Nippon Steel India (AM/NS India), the joint venture of the two leading steelmakers, is an integrated flat steel manufacturer with over 600 steel grades and serves multiple industries and key markets through its India, Indonesia, and Dubai business entities. With capacity expansion plans on a roll, the company recognised that its core business processes will require the necessary scalability and flexibility to support growth. Towards this, AM/NS India tapped into IBM Consulting's cloud-powered business transformation capabilities and expertise in the metals and mining industry prevalent in India. "IBM today announced that ArcelorMittal Nippon Steel India...has collaborated with IBM Consulting to reinvent mission-critical processes in order to boost agility, and efficiency with digital ...

Is AI out to take your job or simplify it? Tech cos insist it is the latter

Many have started using generative AI to make work easier for navigation and organisation

Tono-Bungay enterprise

Today, as in the days of HG Wells, the dilemma that society faces is one of the need for aggressive entrepreneurs, but not entrepreneurs who undertake spiralling risks, unfettered by ethics or nous.

We never stopped hiring in India, says IBM India MD Sandip Patel

While there are pockets of recessionary tendencies that we see in different parts of the world, I believe that India is in a good spot, says IBM India MD Sandip Patel

NASA, IBM team up to develop AI-based models to spur new Earth discoveries

NASA and IBM have collaborated to develop artificial intelligence (AI) based models that will make it easier to mine vast datasets to advance scientific knowledge about Earth, and help the world to adapt to a changing environment. The joint work will apply AI foundation model technology to NASA's Earth-observing satellite data for the first time, NASA said in a statement. Foundation models are types of AI models that are trained on a broad set of unlabelled data, can be used for different tasks, and can apply information about one situation to another. "The beauty of foundation models is they can potentially be used for many downstream applications," said Rahul Ramachandran, a senior research scientist at NASA's Marshall Space Flight Center. "Building these foundation models cannot be tackled by small teams; you need teams across different organisations to bring their different perspectives, resources, and skill sets," Ramachandran said in a statement. One project will train an IB

IBM announces layoffs amid tech slowdown, to cut global workforce by 3,900

In its forecast, IBM said free cash flow in fiscal 2023 is expected to be $10.5 billion while revenue will increase in the mid-single digits

Can help Indian govt replicate digital public goods in other EMs: IBM CEO

"A company like ours can help the Indian government in replicating its digital public goods in other emerging economies"

Samsung replaces IBM to gain top spot in 2022 US patent league table

Samsung has replaced the International Business Machines Corporation (IBM) from its top spot in the number of patents registered in the US in 2022, which has been on the top for almost 29 years

India poised to become AI innovation garage of the world: Sandip Patel

Over the past two years, AI has helped businesses ease the strain of workforce dislocation, supply chain challenges, IT incidents and customer service interruptions, etc